Tesla on late Wednesday evening increased the sticker prices for its electric vehicles (EVs) yet again — reports Tesla North.
In Canada, the automaker hiked prices by up to $10,400 CAD on five vehicle trims. The U.S. saw prices rise by up to $6,000 USD on the same cars.
Post-update pricing for Tesla EVs in Canada is as follows:
- Long Range – $136,990 (+$7,400)
- Plaid – $178,590 (no change)
- Long Range – $157,990 (+$10,400)
- Plaid – $185,590 (no change)
- RWD – $61,980 (no change)
- Long Range – $76,990 (+$2,000)
- Performance – $83,990 (no change)
- Long Range – $86,990 (+$3,000)
- Performance – $91,990 (+$1,600)
The Long Range trims of the Model S and Model X have taken the hardest hits, with hikes of $7,400 and $10,400, respectively.
Tesla only raised pricing on one Model 3 variant, while the EV juggernaut’s best-seller, the Model Y, saw both of its trims slapped with higher sticker prices.
The last time Tesla prices went up in Canada was just over a month ago. At the time, the automaker’s entire lineup became up to $3,000 more expensive. Tesla also increased pricing for the Full Self-Driving (FSD) upgrade in Canada alongside the previous price bump.
In comparison, new U.S. pricing for Tesla EVs can be found below:
- Long Range – $104,990 (+$5,000; was $99,990)
- Plaid – $135,990 (no change)
- Long Range – $120,990 (+$6,000; was $114,990)
- Plaid – $139,990 (no change)
- RWD – $46,990 (no change)
- Long Range – $57,990 (+$2,000; was $55,990)
- Performance – $62,990 (no change)
- Long Range – $65,990 (+$3,000; was $62,990)
- Performance – $69,990 (+$2,000; was $67,990)
While Tesla has not offered a reason for the price hikes, it’s likely the same story as the rest of the automotive industry and the global market as a whole: inflationary pressure on costs, a still-persisting global chip shortage, and supply chain woes.
What’s more, the gap between Tesla’s production capacity and mounting demand for its EVs continues to grow. Company CEO Elon Musk said last month that Tesla may have to limit orders or stop taking them altogether because of the supply-demand disparity.
Tesla is currently running a campaign to lobby for an energy-based billing model (instead of the time-based system in use right now) at Superchargers in Canada. The company is also reportedly considering Canada as a possible location for its next factory.